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EU Risks Global Bank Crisis If It Blocks Brexit Deal, U.K. Warns

  • Davis, Hammond seek ‘intelligent cooperation’ of regulators
  • Barnier says no way banks will keep full market access rights
Bloomberg business news
Rasmussen Global’s Nina Schick discusses the latest on Brexit with Julia Chatterley, Joe Weisenthal and Scarlet Fu.(Source: Bloomberg)

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The European Union risks opening the door to another global financial crisis if it refuses to give London’s bankers a good trade deal, two senior U.K. ministers said, as the finance industry emerged as a key battleground for Brexit talks.